Wall Street analysts expect that Halliburton (NYSE:HAL) will report $0.25 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Halliburton’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.24. Halliburton reported earnings per share of $0.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 28.6%. The company is scheduled to announce its next earnings results before the market opens on Monday, July 20th.

On average, analysts expect that Halliburton will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($1.71) to $0.10. For the next year, analysts forecast that the firm will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.60) to $0.15. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Halliburton.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, April 20th. The oilfield services company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.04 billion. Halliburton had a positive return on equity of 13.50% and a negative net margin of 10.60%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS.

HAL has been the topic of several recent analyst reports. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Northland Securities initiated coverage on Halliburton in a research note on Friday, May 29th. They set a “market perform” rating and a $11.00 target price on the stock. Credit Suisse Group reduced their price objective on Halliburton from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. HSBC downgraded Halliburton from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $12.00 to $9.50 in a research note on Thursday, April 30th. Finally, Tudor Pickering downgraded Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.77.

In related news, Director Murry Gerber bought 350,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was purchased at an average price of $8.68 per share, for a total transaction of $3,038,000.00. Following the acquisition, the director now owns 574,879 shares in the company, valued at $4,989,949.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HAL. Verus Capital Partners LLC boosted its holdings in Halliburton by 568.4% during the 1st quarter. Verus Capital Partners LLC now owns 3,696 shares of the oilfield services company’s stock valued at $25,000 after acquiring an additional 3,143 shares during the period. NuWave Investment Management LLC boosted its holdings in Halliburton by 14,029.6% during the 1st quarter. NuWave Investment Management LLC now owns 3,815 shares of the oilfield services company’s stock valued at $26,000 after acquiring an additional 3,788 shares during the period. Capital Wealth Alliance LLC purchased a new position in Halliburton during the 4th quarter valued at $27,000. Atlas Private Wealth Management purchased a new position in Halliburton during the 4th quarter valued at $29,000. Finally, Meeder Asset Management Inc. boosted its holdings in Halliburton by 54.6% during the 1st quarter. Meeder Asset Management Inc. now owns 4,263 shares of the oilfield services company’s stock valued at $29,000 after acquiring an additional 1,506 shares during the period. Institutional investors own 74.55% of the company’s stock.

HAL traded up $0.27 on Friday, hitting $12.69. 492,258 shares of the company’s stock traded hands, compared to its average volume of 21,428,180. The company’s 50 day simple moving average is $12.28 and its 200-day simple moving average is $15.41. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of -4.71 and a beta of 2.53. Halliburton has a one year low of $4.25 and a one year high of $25.47. The company has a current ratio of 2.11, a quick ratio of 1.47 and a debt-to-equity ratio of 1.53.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, June 2nd. Halliburton’s dividend payout ratio (DPR) is 14.52%.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Earnings History and Estimates for Halliburton (NYSE:HAL)

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